OTHER NEWS - Oct. 18, 1991
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Money Supply Barometers Rise: The two broadest measures of the supply rose narrowly in the week ended Oct. 7, the Federal Reserve Board said. M2 rose to $3,393.1 billion from $3,388.6 billion the previous week. The broader M3 rose to $4,137.7 billion from $4,132.1 billion. The narrowest measure, M1, rose to $875.8 billion from $875.1 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts such as savings deposits and money market mutual funds. M3 is M2 plus less-liquid accounts, such as certificates of deposit in minimum denominations of $100,000.
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